Associate, Collateral and Margin Management

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. The anticipated salary range for this role is between $78,000.00 and $125,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. Role Description Managing the issuance and booking of daily margin calls for bilateral derivatives Facilitating margin call disputes, reconciliations, and resolution Reconcile non-cleared derivatives trading according to Dodd-Frank and EMIR Regulatory Requirements of Portfolio Reconciliation and ensure portfolio completeness and all breach of thresholds are managed and escalated appropriately Review and track daily portfolio differences related to MTM and SIMM exposures Escalate discrepancies appropriately to the relevant internal or external parties Assist in ad-hoc requests related to management and investigations of operational issues Assist in monitoring process gaps and make recommendations on technological changes Participation in projects & planning related to industry initiatives and operational efficiencies Qualifications and Skills Bachelor’s Degree, ideally in Mathematics, Finance, Economics, Business, or related area 3-5 years of relevant experience in Banking & Financial Services, preferably in Collateral Management, Liquidity Management, or other Derivatives Operations role(s) Understanding of the derivative trade structure and trade flow management, specifically how it impacts daily valuations Understanding of Credit Support Annex agreements, ISDA conventions, and the various internal and external rules and regulations affecting the industry and the department (CFTC and EMIR) Ability to identify inefficiencies and opportunities for automation Excellent analytical skills with an eye for detail and good time management skills Exceptional verbal and written communication skills Adept at working and effectively collaborating with clients, operations, and technology teams Strong problem-solving skills to deal with complexity and respond quickly to uncertainty Advanced working knowledge of Microsoft Excel Strong organizational and multitasking skills, attention to detail, and ability to work independently Additional Requirements Experience working with TriResolve, Acadiasoft, IMEM Working knowledge of collateral management, margin call processing, and regulatory requirements in non-cleared margining rules for initial margin and variations margin Knowledge of collateral optimization SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at View email address on click.appcast.io.